Rush Enterprises A Inc (RUSHA)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.51 | 3.51 | 3.93 | 3.95 | 4.50 | |
| DOH | days | 104.02 | 103.84 | 92.93 | 92.31 | 81.15 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.51
= 104.02
The days of inventory on hand (DOH) for Rush Enterprises A Inc has been increasing steadily over the past five years. Starting at 81.15 days on December 31, 2020, the DOH rose to 92.31 days by December 31, 2021, and further increased to 92.93 days by December 31, 2022. This trend continued with DOH reaching 103.84 days on December 31, 2023, and slightly increasing to 104.02 days by December 31, 2024.
A higher DOH indicates that the company is holding onto its inventory for a longer period before selling it, which may reflect inefficiencies in inventory management, slow-moving stock, or potential issues in sales and demand forecasting. Rush Enterprises A Inc should closely monitor its inventory turnover and implement strategies to optimize inventory levels to improve operational efficiency and financial performance in the future.
Peer comparison
Dec 31, 2024